PeakOil is You
THE Silver & Gold Thread (merged)
Re: THE Silver & Gold Thread (merged)
by theluckycountry » Sat 24 Jan 2026, 11:47:27
$this->bbcode_second_pass_quote('', 'G')ermany's 1923 hyperinflation was ended by anchoring a new currency, the Rentenmark, to the value of land and industrial assets, which were indexed to the pre-war "gold mark".
Quite simply, they had no Gold, it had been given to the allies for war reparations so they chose the next best thing. Our currencies today are backed by the esoteric notion of the goodwill of our governments and it's been said that the $US is only 55 years old, and in one sense this it true. That was when it morphed into a true fiat dollar, the Gold backing abandoned. This Gold backing was for the paper currency at home but more so for settling international accounts between nations. It linked currencies and made them convertible at an honest rate. It also prevented a lot of currency manipulation. At home it prevented egregious inflation. Anyone remember the inflation of the 1970's?
Throughout the 19th century there was very little inflation, the Gold and Silver in people's pockets retained it's value. But the nation became increasingly flooded with paper dollars and paper loan dollars which began to water this value down. By the collapse of 1929, paper promises had been created to a vast extent, Average people were borrowing left right and center for everything from a toaster to a car. And it was easy for entrepreneurs too. This wasn't Gold money, it was pure paper debts, which instantly become monetized and flow into the community. The inflation caused by flooding the economy with all this unbridled money creation led to the Great depression. It was not an error by the FED as the history books cite, it was simply an unsustainable monetary system.
The Gold was withdrawn from circulation as currency in 1933 after a serious banking crisis and this was the icing on the cake as far as consumer disenfranchisement was concerned. people had debt, very little in savings after the collapses, and straightened incomes too. It led to Deflation, simply because the powers controlling the money system refused to create anymore paper loans to back the creation of paper dollars and there was no Gold alternative. This made the creators of money vastly rich as they foreclosed on all the houses, factories and farms people could no longer make debt repayments on. Up until that point they were making a steady income off the loan repayments, then they took what amounted to a giant golden parachute, a severance package of real goods.
The holders of Gold in 1933, who surrendered their bullion and coin didn't lose out totally, they were paid $20/oz, not bad considering deflation was now in charge. Soon after the confiscated Gold was revalued to $35 which was irrelevant in some sense, though a nice little windfall for the many who hung onto stashes of Gold in disobedience to the Government's laws. They could legally possess about 4 ounces (not considered hoarding) and then sell these later as needed. This is contrary to the widely held belief that no one was allowed to own ANY Gold. Of course there were many wealthy insiders who got the heads up and simply packed up their gold stashes and sent them to europe where Gold ownership was not illegal. How many? Well ignoring the elite government insiders, consider that all the banks would have needed advance knowledge of the event so as they could secure safe-deposit boxes until an IRS agent was available to take any Gold stored there and replace it with paper currency. It's still legal to own at this point, a small window of opportunity, so you and your wealthy friends pack it up and take a ship to France.
Now we are on the cusp of a similar Gold standard event. Massive debts, vastly over-inflated paper markets (including property markets) and a failing international exchange system. I'm talking about all the BRICS moving away from the old $US. This can have benefits, the Entire US debt can be wiped off the books in a single revaluation event. The switch to a Gold standard... Again! And the creation of a new currency unit, TrumpBucks
There are other ways to clear the debt but they are messy and cause even more internal strife. And it's easy to switch to a new currency now, they can simply call Force majeure, (French for "superior force") a contractual clause excusing parties from obligations due to unforeseeable, uncontrollable, extraordinary events and institute a digital currency, doing away with cash altogether. At that point banks, the ones we use, become irrelevant and can vanish, as they now are anyway. And your savings in them? Who knows, who knows. 
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: THE Silver & Gold Thread (merged)
by Armageddon » Sun 25 Jan 2026, 14:28:09
Every single paper currency in history has eventually failed.
Not some. Not most. All of them.
The average lifespan of a fiat currency is just 35 years
We are already past that point with the dollar, the pound, and the euro.
Three reasons paper money always dies:
Governments can’t stop printing. Every crisis leads to more “stimulus.”
Inflation destroys trust. People eventually see through the game.
Debt becomes unpayable. The system collapses under its own weight.
We’re in the final stages of that cycle today.
When paper collapses, what do people turn to?
Gold and silver.
They don’t need governments. They don’t need banks. They don’t rely on promises.
For 5,000 years, these precious metals have been the ultimate form of insurance, surviving wars, collapses, and resets.
That’s why central banks, the same ones telling you gold is “obsolete”, are now panic-buying it at record levels.
They definitely know what’s coming.
Not some. Not most. All of them.
The average lifespan of a fiat currency is just 35 years
We are already past that point with the dollar, the pound, and the euro.
Three reasons paper money always dies:
Governments can’t stop printing. Every crisis leads to more “stimulus.”
Inflation destroys trust. People eventually see through the game.
Debt becomes unpayable. The system collapses under its own weight.
We’re in the final stages of that cycle today.
When paper collapses, what do people turn to?
Gold and silver.
They don’t need governments. They don’t need banks. They don’t rely on promises.
For 5,000 years, these precious metals have been the ultimate form of insurance, surviving wars, collapses, and resets.
That’s why central banks, the same ones telling you gold is “obsolete”, are now panic-buying it at record levels.
They definitely know what’s coming.
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Armageddon - Light Sweet Crude
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Re: THE Silver & Gold Thread (merged)
by AdamB » Sun 25 Jan 2026, 15:48:23
$this->bbcode_second_pass_quote('Armageddon', 'E')very single paper currency in history has eventually failed.
Except those that haven't yet.
AI Says:
Virtually all recognized countries in the world use paper currency (banknotes) as legal tender, with 189 member countries of the IMF producing around 136 unique national currencies and four currency unions. While digital payments are rising, cash remains ubiquitous globally for transactions.
There is a reason why governments switched to fiat currencies.
Homophobes, neo-Nazis, science deniers and the oil ignorant aren't required to know why because....it requires more intellectual horsepower than a homophobe, neo-Nazi, science denier or the peak oil ignorant possess.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: THE Silver & Gold Thread (merged)
by theluckycountry » Sun 25 Jan 2026, 18:05:41
All the chatter about precious metals in the general public is only just starting. Then there is the BRICS+ preparations for a Gold backed reserve currency unit, that has to be factored into any equation as to PM's future price.
I don't think people realize just how rare Gold and Silver is. How little of it is actually available for sale.
I don't think people realize just how rare Gold and Silver is. How little of it is actually available for sale.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: THE Silver & Gold Thread (merged)
by theluckycountry » Sun 25 Jan 2026, 19:23:14
'Repatriate The Gold': German Economists Urge Withdrawal From US Vaults
$this->bbcode_second_pass_quote('', 'G')ermany holds the world’s second biggest national gold reserves after the US, of which approximately €164bn (£122bn) worth – 1,236 tonnes – is stored in New York.
https://www.theguardian.com/world/2026/ ... -us-vaults$this->bbcode_second_pass_quote('', 'G')ermany holds the world’s second biggest national gold reserves after the US, of which approximately €164bn (£122bn) worth – 1,236 tonnes – is stored in New York.
That's a throwback to the years when America was an honest nation and a the dominant player in world affairs. They are no longer dominant, so get that Gold out, Fast!
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
- theluckycountry
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Re: THE Silver & Gold Thread (merged)
by theluckycountry » Sun 25 Jan 2026, 21:50:15
The markets just opened a couple of hours ago, the PM's are off like sky rockets. Shops closed here for Australia Day.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
- theluckycountry
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- Location: Australia
Re: THE Silver & Gold Thread (merged)
by AdamB » Sun 25 Jan 2026, 22:49:18
$this->bbcode_second_pass_quote('theluckycountry', ' ')Shops closed here for Australia Day.
Like....a holiday where none of you are required to service your King on your knees today? Good for you! Give your jaw a break.
How many generations of breeding in American DNA do you think it will take before you can launch vegemite?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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